Category: Tax Tips
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Car Claims Exposed: Are You Using the Right Tax Method?
The 2025 tax season is here, and if you use your car for work or business, it’s time to make sure you’re claiming your motor vehicle expenses correctly. For many Australians, their vehicle is essential to getting the job done. Still, if you’re not using the proper method to claim those expenses, you could be…
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Should You Really Set Up a Self-Managed Super Fund (SMSF)? The Brutal Truth
Right now, there’s a lot of noise about setting up self-managed super funds. Having complete control over your super, choosing your investments, and building your wealth can sound very attractive, but is it right for you? The truth is: for some, an SMSF can be a fantastic vehicle. For others, it can be an expensive…
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ATO Crackdown: Why Small Biz Is in the Firing Line
The ATO Is Done Playing Nice: What Every Business Owner Needs to Know Right Now Winter is here — and it’s not just the weather. The financial chill is real if you’re a business owner in Australia. The economy is tight, the market’s brutal, and things will get tougher if you’re not entirely across your…
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The Tax Planning Wake-Up Call Every Business Owner Needs
It’s May. That means the end of the financial year (EOFY) is coming fast. If you’re a business owner or individual with income on the books, it’s time to ask yourself: Are you prepared… or about to hand the ATO a bigger cheque than necessary? At NGR Accounting, May and June are the “power months”…
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Claiming Work from Home Expenses on Your 2024/2025 Income Tax Return
Hey guys, Nathan here, and as we start move into the new Financial Year, I thought it best to make sure our client start on the best footing. Your Work from Home Diary! As we all know, the way we work has drastically changed over the past couple of years. The move to adopt remote…
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Superannuation Guarantee Payments – What you need to know!
Hey everyone, Kathryn here. I wanted to highlight the importance of making your Superannuation Guarantee payments on time, and even more importantly, in advance of their due date. The Superannuation Guarantee Charge (SGC) can be a costly penalty imposed by the Australian Taxation Office (ATO) on employers who fail to meet their superannuation obligations. That’s…
